New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-06-03
PURCHASE OF THE VANDALIA LINE.
PART OF A TRANsCoNTINENTAL PLAN.
THE SALE BY PRESIDENT M'KEEN CONSIDERED

THE SALE BY PRESIDENT MREEN CONSIDERED
CERTAIN IN iNDIANAPOLIs-PRICE UNKNOWN
INDIANAPOLIS. June2 (Speciab-There seems to be no
to doubt that the IvesStayner syndicate now
controls the destiny Of the Vandala with all the lines
II leases. The amount Of tho consideration is I'M
known. When Mcssrs. Ives and Waite passed through
this city, from Terre Haute where the negotiations
with President McKeen of tho Vandalla CON
ducted they said that the transfer had rot been con-
cludcd that tho deal not off,, but that all that
might be said would be merely speculation. There
was no conceamcnt OF the purpose of the syndicate
10 secure the Vandala, against the opposition
OF the Pennsylvania Company, and the probabilities
that the negotiations depend upon minor details
entirely within the control ,f the purchasers. 1t is
even claimed that the Cincinnati Hamilton and In
dianapos has been promised possession on Saturday
but this Ia speculation 1t Ia certain, however, that
tire directors of the Cincinnati Hamilton and Dayton
will meet at early day, probably Saturday and
the transfer may speedily follow the meeting.
The negotiations for the sale of the Vandalta have
been carried ON without the consent and for the most
part without the knowledge Of the Pennsylvasia peo
pic. Mr. Mckeen, president of the Vandalia has a
mind Of his and has been wont to exercise It,
He has certain pet notions that he thinks worth fol
lowing, and he operated the Vandala Railroad In the
earlier years to suit his own pleasure. lie made a
splendid property out of It, by following his own
views 10 how It should be run One of his favorite
notions that the vandsia should continue to de
the greater part Of the fuel for Terre Iiaue, ndi-
annapolis and other cities In the wabash Valley This
policy followed with success, and the Nandalla
s has the reputation Of being the great block coal
line. Recently, however the pennsylvania people
seriously neglected this interest and have. at
great expense and palms, diverted much of tho coal
trade through more advantageous rates 10 an9ther
division. Mr. McKeen protested against this pOllcy.
He found cause for complaint also In the Pennsyl-
vania forcing the exclusion of western passenger lines
from the privileges Of tho road. To assert himself he
welcomed the opportunity for independent action and
the Ienns ylvana only given hint OF the ives
Stayncr deal after terms had been partially agreed on
The purchase involves trans-contlncnth prOJcct a
connecting link OF road Is to be built from Pakersburg
the Baltimore and Ohio main line, to Washington
Court House, ohio. The line Will strike the DAYTON
and lronton recently purchased by the vesStayner
syndicate, which Will be the direct route to Dayton
thence the DAYTON and Liberty division. a piece
~ track thrtyfv miles long already under contract
10 be built 10 Liberty the Cincinnati Hamilton ana
indianapolis thence to indianapolis where connection
will be made with the new purchase for 81 Louis.
This will form the short line from New York and tho
scaboaTd to the Mississippi River Rumor has IL that
the Atchison. Topeka and Santa Te Will form the
trans Mississippi connection, and thus the two sea-
boards are to be connected.